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India’s Yes Bank board OKs Rs. 30 billion perpetual subordinated bonds
By Angela McDaniels
Tacoma, Wash., Oct. 16 – Yes Bank Ltd. received board approval to issue Rs. 30 billion of perpetual subordinated unsecured Basel III-compliant additional tier 1 bonds, according to a notice to the Bombay Stock Exchange.
The issue has a Rs. 30 billion over-allotment option.
Yes Bank is a private sector bank with headquarters in Mumbai.
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